Lavish Enterprises Acquires First Revenue-Producing Class 8 Truck, Creates Foundation for FleetPath Deployment and Begins Documented Path Toward Reporting-Company Status
Lavish secures its first revenue-producing asset and outlines a multi-step path toward audited financials and full reporting-company status.
Rhea-AI Summary
Lavish Enterprises (VXIT) has acquired a 2020 Kenworth T680 Class 8 truck and placed it into a 30‑month equipment lease with Seven And Two LLC, creating contracted lease payments totaling $60,000 and the first recurring contracted income under current management.
The truck is Lavish’s first revenue‑producing commercial asset since the December 4, 2025 change of control and will serve as the first Company‑controlled deployment vehicle for the FleetPath platform’s upcoming controlled beta in live interstate freight service. Seven And Two will operate the vehicle under its own authority while Lavish retains ownership and income, and FleetPath gains branding and telematics installation rights.
Management plans to use this operating milestone to support a four‑step roadmap: documenting activity for OTC Markets in light of the current Shell Risk designation, filing a completed Form 1‑Z Regulation A exit report once EDGAR access is live, engaging a PCAOB‑registered audit firm, and then pursuing reporting‑company status under the Securities Exchange Act of 1934.
Positive
- $60,000 in contracted lease payments over 30 months from the acquired truck
- First revenue-producing commercial asset and recurring contracted income since December 4, 2025
- Truck provides a dedicated, Company-controlled vehicle for FleetPath’s upcoming controlled beta
- Form 1-Z Regulation A exit report is completed and ready for EDGAR submission
- Management plans to engage a PCAOB-registered audit firm and pursue Exchange Act reporting status
Negative
- Company currently does not have audited financial statements in place
- OTC Markets still lists VXIT with a Shell Risk designation and shell status remains unresolved
AI-generated analysis. How Rhea-AI works. Not financial advice.
Lavish has acquired a 2020 Kenworth T680 Class 8 truck tractor and placed the vehicle under a 30-month equipment lease with Seven And Two LLC, a licensed interstate motor carrier, creating
LAS VEGAS, NV / ACCESS Newswire / September 9, 2026 / Lavish Enterprises, Inc. (OTCID:VXIT) (formerly known as VirExit Technologies, Inc.) ("Lavish" or the "Company") today announced that it has acquired a 2020 Kenworth T680 Class 8 truck tractor and entered into a 30-month equipment lease with Seven And Two LLC, a Nevada limited liability company and licensed interstate motor carrier operating under its own federal authority. The transaction represents the first revenue-producing commercial asset acquired by Lavish under its current management and establishes the Company's first recurring contracted income since the December 4, 2025, change of control. Under the lease agreement, Seven And Two is contracted to make payments totaling
FROM REBUILDING THE COMPANY TO BUILDING THE BUSINESS
Since the change of control, management has spent significant time rebuilding Lavish from the foundation up, including reviewing historical records, addressing inherited regulatory matters, reconstructing capitalization information and strengthening the Company's public disclosure record. That work was necessary, but management believes the Company has now reached a point where progress must increasingly be demonstrated through actual commercial activity. The acquisition of a Class 8 commercial vehicle, the execution of a lease with an independent licensed interstate carrier and the establishment of
The transaction is structured as an equipment lease rather than a trucking operation conducted by Lavish. Seven And Two will maintain possession and operational control of the truck and operate it under its own interstate authority, drivers, insurance and regulatory responsibilities. Lavish will retain ownership of the equipment during the lease term and receive the contracted lease payments, while FleetPath Technologies, Inc., the Company's subsidiary, has the right to brand the vehicle in FleetPath livery and install, service, remove and reinstall telematics and related equipment at FleetPath's expense. This structure allows Lavish to own a commercial asset and generate contracted income without taking on the responsibilities of operating as a motor carrier, while providing FleetPath with access to a vehicle controlled by the Company.
PUTTING FLEETPATH ON THE ROAD
FleetPath was built to solve problems that trucking companies deal with every day, and management believes the next stage of development requires testing the platform in those same conditions. Seven And Two is FleetPath's first carrier pilot, and the newly acquired Kenworth is expected to become the first Company-controlled vehicle used in the FleetPath controlled beta. Under the lease arrangement, FleetPath will be able to brand the vehicle in FleetPath livery, install and service its technology and telematics equipment and use the truck as a dedicated platform for that beta. Because Seven And Two will operate the vehicle in live interstate freight service, FleetPath will have the opportunity to evaluate the platform as it performs in an actual carrier operation, on the Company's own schedule rather than a partner's, and use that experience to identify improvements before broader commercial deployment.
Management believes that flexibility is the point. A vehicle the Company controls can be tested, reconfigured and refined as many times as the work requires, and because the lease runs 30 months on a single unit, FleetPath will accumulate continuous operating data on one asset rather than fragments gathered across borrowed equipment. The truck will also travel interstate lanes in FleetPath branding, giving the platform a physical presence on the road as the beta progresses.
A CLEAR CORPORATE ROADMAP
Management intends to use the operating milestone created by this transaction as part of a broader corporate roadmap. The first objective is to document the Company's new commercial activity and submit supporting information to OTC Markets Group in connection with the Company's existing Shell Risk designation, including the acquisition, executed lease, vehicle title and planned FleetPath deployment. Lavish is not representing that OTC Markets will remove or modify the designation as a result of this transaction; the Company's objective is to establish a documented record of actual commercial activity and submit that information for consideration.
The Company has also completed its outstanding Form 1-Z exit report under Rule 257(a) relating to its Tier 1 Regulation A offering qualified May 31, 2022. The Form 1-Z is complete and ready for submission. Lavish applied for EDGAR filing credentials on September 8, 2026, and received its filing receipt. The Company intends to submit the completed Form 1-Z promptly upon receiving the required EDGAR filing access. Management's next objective is to engage a PCAOB-registered independent audit firm and begin the work necessary to prepare audited financial statements, which the Company does not currently have. Following the necessary preparation and audit process, management intends to pursue reporting-company status under the Securities Exchange Act of 1934. Each of these represents a separate milestone, and the Company intends to communicate its progress based on what has actually been completed.
The Company is not asserting that it has ceased to be a shell company. Whether an issuer meets the definition of a shell company is determined under applicable securities rules based on the Company's overall assets and operations and is not established by a single transaction or press release. Management's objective is to build the Company's operating record and provide the facts necessary for the appropriate market and regulatory processes to evaluate its status.
FROM THE FOUNDERS
"We have spent a tremendous amount of time rebuilding this Company, and I believe this transaction marks the point where we can begin turning that work into forward momentum. For me, the most important part is that we are no longer talking only about what we intend to build. We are beginning to put the pieces in place and execute. There is a lot more work ahead of us, but there is also a clear direction. We know what we are building with FleetPath, we know the corporate milestones in front of us, and we know that the only thing that ultimately matters is execution. I am proud of how far this team has come, and I believe what we are beginning to build now can be substantially bigger than where this Company has been."
Steffan Dalsgaard, Founder and Co-Chairman, Lavish Enterprises, Inc.
"The next stage for FleetPath is about getting out of the development environment and into the real world. We have spent a great deal of time building the platform, and now we have an opportunity to learn from it in an actual trucking operation. That is exciting because real-world use is where you discover what the technology can really do and where you find the things that need to be better. We are going to take those lessons seriously and keep improving the platform. Our goal is to build something that trucking companies genuinely want to use because it makes their businesses better, not simply because the technology looks good in a demonstration."
Kevin Pachacki, Founder and Co-Chairman, Lavish Enterprises, Inc.
ABOUT FLEETPATH
FleetPath is an integrated operating platform designed to bring the freight lifecycle into one connected system, including load acquisition, route computation, dispatch, compliance, automated document processing, load tracking, billing and driver tools. Rather than functioning as a collection of disconnected trucking applications, FleetPath is designed around a single operational environment in which the data generated throughout a load moves with the freight lifecycle, connecting the people, decisions, documents, compliance requirements and financial processes involved in moving freight. Built by operators with experience running a multi-truck fleet, FleetPath is operational in development and is being prepared for its initial controlled beta. The platform is operated through FleetPath Technologies, Inc., a wholly owned subsidiary of Lavish Enterprises, Inc. For a full platform walkthrough, founder background and ongoing development updates, visit fleetpath.co.
ABOUT LAVISH ENTERPRISES, INC.
Lavish Enterprises, Inc. (OTCID:VXIT) is a publicly traded diversified holding company focused on building, acquiring and scaling businesses across three core verticals: infrastructure, entertainment and technology. FleetPath Technologies, Inc. represents the Company's inaugural technology operating subsidiary and is focused on developing an integrated operating platform for the U.S. trucking industry. Lavish maintains centralized oversight of capital allocation and strategic direction while its operating businesses execute within their respective markets. The Company documents material developments through formal communications issued under OTCID:VXIT. To learn more about Lavish Enterprises, Inc., visit www.LavishEnterprises.net.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding expected lease payments, the planned use of the vehicle by FleetPath, the Company's controlled beta, future technology deployment, the submission of operating information to OTC Markets Group, EDGAR filing access, submission of the Company's Form 1-Z, engagement of an independent audit firm, preparation of audited financial statements and the Company's intention to pursue reporting-company status under the Securities Exchange Act of 1934. These statements reflect management's current plans and expectations and are subject to risks and uncertainties. There can be no assurance that the Company will receive all expected lease payments, that FleetPath will successfully complete its beta or achieve commercial deployment, that OTC Markets will remove or modify the Company's Shell Risk designation, that the Company will obtain the capital necessary to complete its planned audit process, that an audit will be completed or that the Company will ultimately become a reporting company.
The Company is not representing that it is currently an SEC reporting company or that its Shell Risk designation has been removed or modified. Additional risks include the substantial doubt regarding the Company's ability to continue as a going concern disclosed in its most recent Quarterly Report; the Company's historical lack of revenue and need for additional capital; unaudited financial statements; inherited regulatory and legal matters; concentration of current operating revenue in a single asset and single lessee; the creditworthiness and performance of the lessee; risks relating to the condition, operation, casualty, theft or loss of the vehicle; potential dilution associated with outstanding convertible obligations; the success of FleetPath's development and commercialization efforts; competition; changes in applicable regulations; and general economic and capital-market conditions.
Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update or revise forward-looking statements except as required by applicable law. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities.
Twitter: OfficialVXIT | SteffD415
Contact Information
Lavish Enterprises, Inc.
info@lavishenterprises.net
www.LavishEnterprises.net
# # #
SOURCE: VirExit Technologies Inc.
View the original press release on ACCESS Newswire
FAQ
How is the lease for the Kenworth truck structured between Lavish and Seven And Two?
The transaction is structured as an equipment lease. Seven And Two, a licensed interstate motor carrier, maintains possession and operational control of the truck and runs it under its own interstate authority, drivers, insurance and regulatory responsibilities. Lavish retains ownership of the equipment during the 30‑month term and receives the contracted lease payments, while FleetPath Technologies has rights to brand the vehicle and install, service, remove and reinstall telematics and related equipment at its own expense.
How will the acquired truck be used to advance the FleetPath platform?
The acquired Kenworth is expected to be the first Company-controlled vehicle used in the FleetPath controlled beta. Operating in live interstate freight service as Seven And Two’s first carrier pilot, the truck will carry FleetPath branding and onboard technology, allowing FleetPath to test, reconfigure and refine its platform on a single asset over the 30‑month lease and collect continuous operating data in a real trucking environment.
What steps does Lavish plan to take toward becoming a reporting company?
Management’s roadmap includes: documenting new commercial activity around the truck acquisition and lease and submitting that information to OTC Markets in connection with its Shell Risk designation; submitting the completed Form 1‑Z exit report for its Tier 1 Regulation A offering once EDGAR filing access is available; engaging a PCAOB‑registered independent audit firm to prepare audited financial statements; and, after the preparation and audit process, pursuing registration under the Securities Exchange Act of 1934.
What is Lavish’s stated position on its current shell company status?
The company is not asserting that it has ceased to be a shell company. It states that shell status is determined under applicable securities rules based on overall assets and operations and cannot be established by a single transaction or press release. Management’s objective is to build the operating record and provide facts for the relevant market and regulatory processes to evaluate its status.
What is FleetPath and how is it positioned within Lavish Enterprises?
FleetPath is an integrated operating platform designed to bring the freight lifecycle into one connected system, covering functions such as load acquisition, route computation, dispatch, compliance, automated document processing, load tracking, billing and driver tools. It is operated by FleetPath Technologies, a wholly owned subsidiary of Lavish, and is currently operational in development while being prepared for its initial controlled beta.